The founders represented by the VCs were looking at a company they spent years building and all its money potentially disappearing overnight. They had to act quickly under a lot of uncertainty and took the decision that minimized risk. I guarantee if SVB hadn't been bailed out people here would be questioning the VCs who didn't pull out instead.
I don't blame them. It was irrational if they were omniscient beings with knowledge of what would happen.. they aren't.
I don't blame them. It was irrational if they were omniscient beings with knowledge of what would happen.. they aren't.